KONE Oyj (OTCMKTS:KNYJY) Sees Large Increase in Short Interest

KONE Oyj (OTCMKTS:KNYJY) saw a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 13,700 shares, a growth of 470.8% from the January 31st total of 2,400 shares. Based on an average daily volume of 67,300 shares, the short-interest ratio is presently 0.2 days.

KONE Oyj Stock Down 2.0 %

Shares of KNYJY stock traded down $0.56 on Thursday, hitting $28.26. 8,803 shares of the stock were exchanged, compared to its average volume of 35,329. KONE Oyj has a fifty-two week low of $22.69 and a fifty-two week high of $30.12. The firm has a market capitalization of $25.61 billion, a P/E ratio of 28.54, a price-to-earnings-growth ratio of 2.70 and a beta of 0.69. The company has a current ratio of 1.13, a quick ratio of 0.89 and a debt-to-equity ratio of 0.24. The business has a 50-day moving average of $25.47 and a 200 day moving average of $26.45.

KONE Oyj (OTCMKTS:KNYJY) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.04). KONE Oyj had a net margin of 8.57% and a return on equity of 38.04%. Equities analysts anticipate that KONE Oyj will post 1.06 EPS for the current year.

KONE Oyj Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a dividend of $0.9388 per share. The ex-dividend date is Friday, March 7th. This is an increase from KONE Oyj’s previous dividend of $0.94. KONE Oyj’s dividend payout ratio (DPR) is 39.39%.

Analyst Ratings Changes

Separately, Royal Bank of Canada downgraded shares of KONE Oyj from a “hold” rating to a “strong sell” rating in a report on Monday, November 25th.

KONE Oyj Company Profile

KONE Oyj, together with its subsidiaries, engages in the elevator and escalator business worldwide. The company provides elevators, escalators, and automatic building doors. It offers maintenance services; and modernization solutions. In addition, the company offers KONE Office Flow, a connected solution that allows for personalized user experiences and touch-free access; health and well-being solutions for elevators, escalators, and doors; KONE Access, an access control system, which is integrated with elevator system and building doors; KONE Destination, a destination control system that reduce waiting and travel times; KONE infotainment, a communication channel for building tenants and visitors; and monitoring solutions that enable real-time inspection of elevators and escalators.